FSLR · First Solar, Inc.
$210.38
+4.45 (+2.16%)
At close · Aug 27
Market Cap
$22.23B
Shares
107.47M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$5.22B
+24.1%
FY2025
Net Income
$1.53B
+18.3%
FY2025
Gross Margin
40.62%
-3.6pp
FY2025
Operating Margin
30.59%
-2.6pp
FY2025
Diluted EPS
$14.21
+18.2%
FY2025
Operating Cash Flow
$2.06B
+68.9%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | FY2026 (G) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $4.9B – $5.2B | $5.38B | $5.22BG | $4.21BG | $3.32B | $2.62BG | $2.92B | $2.71B | $3.06B | $2.24B | $2.94B | $2.9B | $4.11B | $3.39B | $3.31B | $3.37B | $2.77B | $2.56B | $2.07B | $1.25B | — | |
| — | $3.01B | $3.1B | $2.35B | $2.02B | $2.55B | $2.19B | $2.03B | $2.51B | $1.85B | $2.39B | $2.27B | $2.98B | $2.57B | $2.44B | $2.52B | $1.79B | $1.38B | $1.02B | $567.91M | $252.57M | |
| — | $2.37B | $2.12B | $1.86B | $1.3B | $69.86M | $729.95M | $680.67M | $549.21M | $392.18M | $548.95M | $638.42M | $1.13B | $824.94M | $864.63M | $852.75M | $971.75M | $1.18B | $1.04B | $678.39M | $251.4M | |
| — | — | 40.62% | 44.17% | 39.19% | 2.67% | 24.97% | 25.1% | 17.93% | 17.48% | 18.66% | 21.98% | 27.54% | 24.33% | 26.12% | 25.32% | 35.13% | 46.22% | 50.56% | 54.43% | — | |
| — | $269.73M | $233.42M | $191.38M | $152.31M | $112.8M | $99.12M | $93.74M | $96.61M | $84.47M | $88.57M | $124.76M | $130.59M | $143.97M | $134.3M | $132.46M | $140.52M | $94.8M | $78.16M | $33.52M | $15.11M | |
| — | $215.28M | $203.76M | $188.26M | $197.62M | $164.72M | $170.32M | $222.92M | $205.47M | $176.86M | $202.7M | $261.99M | $255.19M | $253.83M | $270.26M | $280.93M | $412.54M | $321.7M | $272.9M | $174.04M | $82.25M | |
| — | — | $4.1M | $10.5M | $10.5M | $10.9M | $10.9M | $10.8M | $10.2M | $9.9M | $8.3M | $10.1M | $9.2M | $1.2M | $900K | $2.1M | $2M | — | — | — | — | |
| — | — | $529.22M | $423.5M | $307.99M | $269.72M | $259.9M | $232.93M | $205.48M | $130.74M | $91.9M | $204.25M | $225.23M | $216.59M | $238.77M | $265.39M | $235.23M | $156.09M | $129.63M | $59.52M | — | |
| — | — | — | — | — | — | — | — | $0 | $0 | $37.18M | $743.86M | $0 | $0 | $86.9M | $469.1M | $60.37M | $0 | $0 | — | — | |
| — | $557.52M | $523.48M | $464.56M | $450.3M | $350.61M | $290.49M | $363.18M | $711M | $352.06M | $371.1M | $1.21B | $402.6M | $402.94M | $494.23M | $890.31M | $1.04B | $435.94M | $364.97M | $240.05M | $114.22M | |
| — | $1.81B | $1.6B | $1.39B | $857.27M | -$27.24M | $586.75M | $317.49M | -$161.79M | $40.11M | $177.85M | -$568.15M | $730.16M | $422M | $370.41M | -$37.56M | -$68.66M | $748.9M | $679.62M | $438.34M | $137.18M | |
| — | — | 30.59% | 33.15% | 25.83% | -1.04% | 20.07% | 11.71% | -5.28% | 1.79% | 6.05% | -19.56% | 17.75% | 12.44% | 11.19% | -1.12% | -2.48% | 29.21% | 32.89% | 35.17% | — | |
| — | — | $2.13B | $1.82B | $1.17B | $242.49M | $846.65M | $550.41M | $43.69M | $170.85M | $269.75M | -$363.9M | $955.39M | $638.59M | $609.18M | $227.83M | $166.57M | $905M | $809.24M | $497.86M | — | |
| — | $38.6M | $44.13M | $38.87M | $12.97M | $12.23M | $13.11M | $24.04M | $27.07M | $25.92M | $25.77M | $20.54M | $6.98M | $1.98M | $1.88M | $13.89M | $100K | $6000 | $5.26M | $509K | $2.29M | |
| — | $56.78M | — | — | — | $33.28M | $6.18M | $16.56M | $48.89M | $59.79M | $35.7M | $25.19M | $22.52M | $18.03M | $16.75M | $12.82M | $13.39M | $14.38M | $9.74M | $21.16M | $20.41M | |
| — | -$14.98M | -$15.01M | -$13.33M | -$29.15M | $31.19M | $314K | -$11.93M | $17.55M | $39.74M | $23.97M | $40.25M | -$5.5M | -$4.49M | -$5.19M | $945K | $665K | $2.27M | -$2.99M | -$934K | -$1.22M | |
| — | — | — | — | — | $0 | $0 | -$2.13M | -$284K | $34.62M | $4.27M | $144.31M | -$107.6M | -$4.95M | -$163K | $0 | — | — | — | — | — | |
| — | $1.83B | $1.58B | $1.41B | $891.29M | $8.6M | $572.16M | $293.19M | -$120.13M | $113.15M | $202.12M | -$537.25M | $733.33M | $432.1M | $380.98M | -$39.8M | -$53.71M | $762.08M | $686.31M | $463.78M | $155.96M | |
| — | $79.38M | $52.68M | $114.29M | $60.51M | $52.76M | $103.47M | -$107.29M | -$5.48M | $3.44M | $372M | $23.17M | $32.33M | $31.19M | $30.1M | $56.53M | -$14.22M | $97.88M | $46.18M | $115.45M | -$2.39M | |
| — | $1.75B | $1.53B | $1.29B | $830.78M | -$44.17M | $468.69M | $398.36M | -$114.93M | $144.33M | -$165.62M | -$416.11M | $593.41M | $395.96M | $350.72M | -$96.34M | -$39.49M | $664.2M | $640.14M | $348.33M | $158.35M | |
| — | — | 29.28% | 30.72% | 25.03% | -1.69% | 16.03% | 14.69% | -3.75% | 6.43% | -5.63% | -14.33% | 14.43% | 11.68% | 10.6% | -2.86% | -1.43% | 25.91% | 30.98% | 27.95% | — | |
| — | $1.75B | $1.56B | $1.28B | $848.46M | -$139.62M | $434.06M | $415.96M | -$139.8M | $87.6M | -$153.45M | -$441.5M | $558.75M | $471.88M | $314.76M | -$81.12M | -$17.29M | $646.55M | $654.96M | $319.39M | $161.85M | |
| USD/shares | — | $16.26 | $14.25 | $12.07 | $7.78 | -$0.41 | $4.41 | $3.76 | -$1.09 | $1.38 | -$1.59 | -$4.05 | $5.88 | $3.96 | $3.74 | -$1.11 | -$0.46 | $7.82 | $7.67 | $4.34 | $2.12 |
| USD/shares | — | $16.22 | $14.21 | $12.02 | $7.74G | -$0.41 | $4.38 | $3.73 | -$1.09 | $1.36 | -$1.59 | -$4.05 | $5.83 | $3.90 | $3.67 | -$1.11 | -$0.46 | $7.68 | $7.53 | $4.24 | $2.03 |
| shares | — | — | 107.24M | 107.02M | 106.8M | 106.55M | 106.26M | 105.87M | 105.31M | 104.75M | 104.33M | 102.87M | 100.89M | 100.05M | 93.7M | 86.86M | 86.07M | 84.89M | 83.5M | 80.18M | 74.7M |
| shares | — | — | 107.54M | 107.53M | 107.37M | 106.55M | 106.92M | 106.69M | 105.31M | 106.11M | 104.33M | 102.87M | 101.82M | 101.64M | 95.47M | 86.86M | 86.07M | 86.49M | 85.04M | 82.12M | 77.97M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
3.83×
Peer median 2.78×
EV/EBIT
11.37×
Peer median 34.57×
P/E (TTM)
12.75×
Peer median 29.62×
Peer medians compare against the 7 similar-size Solar companies (of 20 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Modules Segment | $4,202,733,000 | $3,296,809,000 | $2,428,278,000 | $2,331,380,000 | $1,736,060,000 | $1,460,116,000 | $502,001,000 | $806,398,000 |
| Other | $3,556,000 | $21,793,000 | $191,041,000 | $591,997,000 | — | $1,603,001,000 | — | — |
| Systems Segment | — | — | — | — | — | — | $1,742,043,000 | $2,134,926,000 |
| All Other Segments | — | — | — | — | $975,272,000 | — | — | — |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| United States | $4,994,679,000 | $3,904,844,000 | $3,187,603,000 | $2,193,619,000 | $2,456,597,000 | $1,843,433,000 | $2,659,940,000 | $1,478,034,000 |
| India | $195,584,000 | $201,714,000 | $10,869,000 | $37,215,000 | — | $33,848,000 | $7,451,000 | $232,130,000 |
| All Other Foreign Countries | $22,810,000 | $65,361,000 | $51,828,000 | $147,550,000 | $105,584,000 | $96,562,000 | $128,405,000 | $111,716,000 |
| France | $6,303,000 | $34,370,000 | $68,302,000 | $67,656,000 | $121,537,000 | $127,097,000 | $88,816,000 | $28,796,000 |
| Australia | — | — | — | — | — | — | $138,327,000 | $153,163,000 |
| Canada | — | — | — | — | — | $118,865,000 | $5,944,000 | $5,391,000 |
| Chile | — | — | — | $173,279,000 | $32,050,000 | $21,870,000 | — | — |
| Japan | — | — | — | — | $207,609,000 | $469,657,000 | $34,234,000 | $234,814,000 |
By Product & Service (USD)
| Component | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|
| Solar Module | $3,296,809,000 | $2,428,278,000 | $2,331,380,000 | $1,736,060,000 | $1,460,116,000 | $502,001,000 | $806,398,000 |
| Solar Power Systems Sales of | $19,951,000 | $153,290,000 | $513,362,000 | $794,797,000 | $1,148,856,000 | $1,244,175,000 | $1,927,122,000 |
| Operations and Maintenance | $1,861,000 | $11,995,000 | $43,060,000 | $115,590,000 | $107,705,000 | $103,186,000 | $101,024,000 |
| EPC Services | $0 | $0 | -$2,039,000 | $2,937,000 | $291,901,000 | $347,560,000 | $45,525,000 |
| Energy Generation | -$19,000 | $25,756,000 | $37,614,000 | $61,948,000 | $54,539,000 | $47,122,000 | $58,019,000 |
| Module Plus | — | — | — | — | — | — | $3,236,000 |
Key facts
CIK
1274494
CUSIP
336433107
13F (30d)
765 filings
757 filers
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